KUALA LUMPUR (March 15): RHB Retail Research said Global Oriental Bhd’s multi-month sharp retracement has likely reached a low with the “double-bottom” formation.

In a trading stocks note today, the research house said the possibility is high that a strong rebound is in the making.

“A positive bias is expected above 35 sen with resistance levels marked at 40 sen and 45 sen.

“A downside breach of 35 sen would cancel this expectation,” it said.